City officials in mountain communities are worried rising home prices are pricing the workforce out of the market. “We’re really at risk of creating the modern era-ghost town in our mountain towns, where the lights are on and no one has a home to live in,” Hunter...
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
I thought it was ironic that Vail resorts announces a giant price drop to increase sales volumes of their passes while at the same time Breckenridge announces a proposed moratorium on nightly rental licenses. The opposing announcements were not coincidental and...
Denver officials will now fine short-term rental companies $1,000 for each illegal short-term rental transaction, City Council determined 11/20. Littleton also passed a new ordinance to regulate short term rentals. Is the new focus on nightly rentals unique to...
What a year Covid has brought to Colorado real estate. From Denver to the resort communities, inventory has plummeted while prices have soared. What caused this huge jump in prices? Will the inventory increase in Denver and other markets? Where do we go from here...
I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities. Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
Do you know where I took this picture in Colorado? I wrote back in June about big changes coming to Colorado's resort communities. What has happened since June? Were the predictions accurate? Where does ski real estate go from here? The great urban exodus is...
Happy summer to everyone, it sure doesn't feel that way in the mountains with a dusting of fresh snow on the peaks this week. Do you know what pass this is? There are some big changes coming down the pipe not just for the weather but in Colorado ski real estate. From...
2020 is shaping up to be an interesting year in the ski industry. The ski industry was abruptly cut short in April with Vail resorts losing 200m and Alterra getting sued for closing early. What does this mean for ski real estate? Where should you invest now based on...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
I hope everyone is doing well and staying safe and healthy. Fortunately, our new “employee” Luna continues her hard work unfazed by the Coronavirus 😊 The Colorado Attorney General’s office issued a letter that effectively prohibits real estate property...
We are still Lending! Do you know where I took this picture? It is amazing how quickly fortunes have changed, less than a month ago Vail resorts stock peaked, yet over the course of a few weeks
Summit County (Breckenridge, Silverthorne, Frisco) is set to adopt a sustainable building code that would require new residential construction in the county to be among the most energy efficient in the nation (Zero Energy Ready). This new building code will increase...
In Colorado, residents love open space and the quality of life it brings. On the flip side there is a brewing affordability crisis throughout the Denver metro and in every resort community in Colorado. This leads us to the question; can Breckenridge use eminent...
Do you know where I took the picture above? (e-mail me if you know, the mountains should provide a hint :). Ski magazine came out with their annual list of top ski destinations. Colorado took the crown with 5 of the top 10 ski destinations which accounted for almost...
Lending Tree ranked the 50 most expensive towns in the US by looking at home values and median income to determine affordability. My top three choices in Colorado for least affordable markets would be: Aspen, Telluride, and Vail; not one was on the list! Who made...
According to the Summit County association of realtors sales in July are down 18.3% in July and 15% for the year to date while Vail was up 47% in July and down about 4% for the year. The decline is being attributed to a “lack of inventory”. Is there more going on...
The global economy is still healthy, yet last year out of the top destinations for international travel only two declined. The United States and Turkey! The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%. The...
Vail Resorts announced “steep declines in spending and visitation at its network of North American ski resorts.” Colorado ski country reported visitation down 13%. This decline in visitation will hit the ski industries bottom line. The bigger story is what does...
Want to move into an apartment with knotty alder cabinets, walk in closets, energy efficient appliances, fitness room and more? Welcome to Steamboat’s newest affordable housing development! As the front range and mountain populations explode and the median home price...
Colorado assessed values lag rest of market
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